{"schema_version":"secwatch.filing_event.v1","accession":"0001262823-22-000050","form_type":"8-K","ticker":"WLK","cik":"0001262823","company_name":"WESTLAKE CORP","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.943868+00:00","generated_at":"2026-06-22T08:11:05.612969+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Westlake Q3 net income down 34% YoY to $401M; $70M legal charge; macro headwinds","bullets":["Net income $401M ($3.10 EPS) vs $607M ($4.69) YoY; includes $70M legal charge ($0.42/share after-tax).","Revenue $3,956M, up 29% YoY but down 12% seq; lower volumes and pricing across most segments.","PEM EBITDA $561M (21% margin), down 41% YoY; HIP EBITDA $254M (20% margin), up 85% YoY.","CEO cites eroding macro, higher energy costs, slowing US residential construction, caustic soda strength.","Free cash flow $629M in Q3; cash $1,778M, total debt $4,819M; strong balance sheet."],"urls":{"canonical":"https://secwatch.observer/filing/0001262823-22-000050","json":"https://secwatch.observer/filing/0001262823-22-000050.json","markdown":"https://secwatch.observer/filing/0001262823-22-000050.md","text":"https://secwatch.observer/filing/0001262823-22-000050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262823/000126282322000050/0001262823-22-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262823/000126282322000050/wlk-20221103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T08:11:05.612969+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fb554c639ef8e9c9da166a108ce81ba4d26cc64c","claim":"WESTLAKE CORP reported third quarter 2022 results: revenue $3,956 million, net income $401 million, EPS $3.10.","evidence_excerpt":"Chao. RESULTS Consolidated Results For the three months ended September 30, 2022, the Company reported quarterly net income of $401 million, or $3.10 per share, on net sales of $3,956 million. The year-over-year decrease in net income of $206 million from the third quarter of 2021 was primarily due to lower global sales prices and integrated margins for our","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262823/000126282322000050/0001262823-22-000050-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter 2022"},{"label":"Revenue","value":"$3,956 million"},{"label":"Net income","value":"$401 million"},{"label":"EPS","value":"$3.10"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}